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Note: Should you cloud mine then you dont need to pick a poolthe cloud mining company will do this automatically. Why are Miners Important Bitcoin miners are crucial to Bitcoin and its security. With no miners, Bitcoin would be vulnerable and easy to attack. Get this: Many Bitcoin users dont mine.
About Antpool Antpool mined its very first block in March 2014, meaning that it emerged about four years after the initial mining pool; Slushpool. Antpool is run by Bitmain Technologies Ltd., the worlds biggest Bitcoin mining equipment manufacturer, and a large portion of their pool is run on Bitmains own mining channels.
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Additionally, Antpools user interface is surprisingly slick considering that the underlying company thrives mostly off of hardware sales. How to Join Antpool The pool is totally free to join and the process is simple. To begin with, you need to acquire Bitcoin mining hardware. Then you need to download mining software. Should you need assistance deciding, I recommend you take a peek at our hardware and software guides.
Software is important because it enables you to direct your hardwares hash power to the pool you would like. So make certain that you make the best choice in order to maximize your rewards. Finally, sign up at antpool.com to get started. What are Antpools Fees Antpool claims that it does not charge any fees for using its pool.
Even though Antpool does not directly charge fees, it also does not disclose the Bitcoin transaction fees which are collected. Fundamentally, clients are left in the dark. Currently, every Bitcoin block has a 12.5 BTC reward which Antpool does talk with you when it finds a block. Lately, however, Bitcoin transaction fees have been rising and an additional 1-2 bitcoins are accumulated per block by pools.
It can be argued that these rates prevent the support from being usable for both small-time and big-volume users. Consequently, some users on bitcointalk.org heed the undisclosed fees make the ceremony unwise to use for the time being. What is the Payout Threshold The pool does not seem to get a payout threshold and overlooks every day around 10 AM UTC.
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Can you do Solo additional info Mining on Antpool Solo mining means that you mine for bitcoins with no joining a pool. Therefore, if you use Antpool you are not solo mining by default. Generally, you will receive more frequent payouts by joining a pool. What is the Controversy around Antpool Antpool has vowed to enable arguably beneficial updates to Bitcoin for reasons based on promises which have been largely disproved.
More specifically, the controversy revolves around Segwit a quality that requires miner activation to be enabled. Despite the fact that the majority of Bitcoin users want this feature activated, Antpool, among other pools, appears to be blocking this attribute. Antpool began signaling for Bitcoin Unlimited in early March 2017 for reasons that have not been elucidated by Bitmain CEO (and cofounder Jihan Wu).
Moreover, allegations that the owner won't sell hardware into Segwit supporters also have begun to circulate. By using Antpool, you let the pool to pick your hardwares approach to those things, meaning that the pool which you used dictates the type of Bitcoin protocol that your hardware uses. Should you would like to decide which implementation your hardware needs to signal for, you can use a pool which leaves the choice to its users, such as the Slush mining pool.
The main difference between the Bitfury pool and other mining pools is that Bitfury is a private pool. like it Bitfury, the company, makes its own mining equipment and runs its own pool. So, unlike Slush or even Antpool, Bitfury cannot be joined in case you run mining hardware in your home. Bitfury 16nm ASIC Chip Unrelated into its own pool, Bitfury sells a 16nm ASIC mining chip.
Valery Vavilov, CEO of BitFury BTCC Mining Pool Review BTCC Mining Pool is run by BTCC, a Bitcoin company based in China. The company also runs a Bitcoin exchange, wallet, prints physical bitcoins and more! Worldwide Servers BTCC runs servers all around the world so that your mining hardware can connect easily to the BTCC pool.
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Bobby Lee, BTCC CEO Shared Transaction Charges One good thing about BTCC pool is the fact that it stocks Bitcoin transaction fees with its miners. In every Bitcoin block, around 1-2 BTC values of transaction prices are also rewarded into the pool. Some pools keep these fees for themselves and DO NOT share with their miners! BTCC evenly divides the transaction prices among its miners, only as it divides the 12.5 BTC reward.